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Professional Practice Finance & Banking Professional Malpractice

Read need-to-know updates, commentary, and analysis on Professional Practice issues written by leading professionals.

Supreme Court Confirms That Trustees Are Liable Only For Loss Caused Due To Breach

by Allen & Overy LLP on

Mark Redler & Co Solicitors (Mark Redler) acted for both the claimant bank, AIB Group (UK) Plc (AIB), and the borrowers on a GBP 3.3 million loan. In return for the loan, AIB was supposed to secure a first legal charge over...more

Bill on Bankruptcy: Fee Agreement Puts Law Firm In Trustee's Sights

by Bloomberg Law on

Jan. 9 (Bloomberg) -- Law firm Kaye Scholer LLP and financial advisor Capstone Advisory Group LLC are in the sights of a U.S. Trustee aiming to claw back $12 million for an undisclosed agreement to share fees awarded in...more

The Clock is Ticking! October is the Time to Report Unclaimed Funds

by Beverly Michaelis on

Are you holding unclaimed or abandoned client funds? October is the month to remit and report - learn how by reading this article....more

IRS 6050W: Implications for Attorneys and Others Who Accept Credit Cards

by Lawrence McElroen on

This is a good analysis of the implications of IRS 6050W for attorneys and others who accept credit card payments; kudos to Lawpay.com for the analysis!...more

New Counterfeit Check Scam Targeting Lawyers

by Beverly Michaelis on

A discussion of the latest counterfeit scam targeting lawyers....more

Common mistakes in LLP agreements

by Chris Robinson on

LLPs have now been around for a while and some common and serious errors are emerging in the way LLP agrements are written - even by commercial publishers. Does yours need reviewing?...more

Oregon Law Practice Management: To Catch a Thief - How a Partner or Employee Can Steal from Your Firm

by Beverly Michaelis on

This article from Beverly Michaelis of Oregon Law Practice Management offers 30 ways to prevent financial loss to you or your clients. Tips focus on practical methods law firms can use to prevent embezzlement, theft, fraud,...more

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